What to do with CASH?
09-15-2008, 05:37 AM
#11
Registered User
HSBC's online account is still over 3%. Use one of the links above to find a good rate and go with that.
My ex-gf had twelve 1-year CDs that were set up so they would mature at a rate one per month. That was her backup plan in case she got laid off and couldn't find a job quickly. She'd still have enough income each month (for a year) to cover her mortgage payment and bills. Seemed like a good idea to me... but CD rates were ~5% at the time. Not sure that's the route I'd take right now, since CD rates aren't significantly higher than online savings account rates.
My ex-gf had twelve 1-year CDs that were set up so they would mature at a rate one per month. That was her backup plan in case she got laid off and couldn't find a job quickly. She'd still have enough income each month (for a year) to cover her mortgage payment and bills. Seemed like a good idea to me... but CD rates were ~5% at the time. Not sure that's the route I'd take right now, since CD rates aren't significantly higher than online savings account rates.
09-15-2008, 06:24 AM
#13
Registered User
^ Are 3-4% the good ones or the bad ones? My online savings account still pays ~3.5%, so even a 4% CD wouldn't be worth it to me, since it would require having the money tied up for a year, as opposed to the instant availability of a savings account.
Now, if the CD rates were 5-6% or greater, then I'd consider it.
Now, if the CD rates were 5-6% or greater, then I'd consider it.
09-15-2008, 12:12 PM
#14
[QUOTE=Elistan,Sep 14 2008, 08:42 PM] You have USAA don't you?
09-15-2008, 12:21 PM
#15
Registered User
Thread Starter
Originally Posted by QUIKAG,Sep 15 2008, 03:12 PM
Edit: I had the majority of my cash with USAA in their Performance First Savings Account until their yields dropped quite a bit over the past year. I then moved most of my cash over to Delta CU.
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